preauthorized payment
Definition
Arrangement (such as direct debit payment or standing order) under which a bank is authorized by a customer to debit his or her account for a regular bill's amount or for loan installments.
Popular 'Accounting & Auditing' Terms
preauthorized payment in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/preauthorized-payment.html
